For example I sharing this idea now and you are reading this now, you quickly get the idea, without me having to persuade you,
because that would put me like a used automobile salesperson position, trying to convince you, to buy shares of this company.
The broker is not paying me a commission, for convince untrained traders that this is a good idea only because I ...
goo.gl Simple technical analysis suggests PRAA stock price is resuming its uptrend.
Here is what I've spotted at the daily chart:
1. Retracement back to the major trend line. Confirmation in December, 2013.
2. Confirmation occurred at another key support and resistance level at $50. Also a round number!
3. The trending channel of the pullback that ...
Here is the 4-hour chart of Portfolio Recovery Associates Inc. goo.gl
Why I'd go long:
1. Key round number ($50).
2. Found support before (July and August).
3. Support confirmation on the 4-hour chart with bullish candlestick.
4. Volume increase.
5. Bounce off the lower band of the downward trending channel.
If I bought at $52 and set a stop loss ...
The company works quite effectively as compared with their industry. Recently, the company has been recognized as one of the 100 fastest growing companies. PRAA impressionable showed sales growth and earnings per share.
I open position BUY